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    For Sale - 326 Christine Drive, Midland, Ontario

    Est payment $2,497/mo
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    Views   1
    Time on Jump  1 days

    AI Summary *

    • Legal duplex with income potential for investors or owner-occupiers.
    • Four bedrooms in the upper unit, three in the lower unit.
    • Recent renovations in upper unit provide move-in or rental options.
    • Established neighborhood close to Catholic high school.
    • Potential gross rental income of $4,435 per month.




    Legal duplex in midland - excellent opportunity for investors or owner-occupiers! A combination of space, flexibility and income potential, this legal duplex in midland is an excellent opportunity for investors or buyers looking to offset their mortgage with rental income. Conveniently located in an established neighbourhood close to the catholic high school. Four bedrooms in the upper unit and three bedrooms in the lower unit. Recently completed approximately $25,000 in renovations in the upper vacant unit. The new owner to move in immediately or select their own tenant. Estimated market rent for this unit is approximately $2,600 per month inclusive. The lower unit is occupied by an excellent long-term tenant on a month-to-month tenancy, currently paying $1,835 per month inclusive. With both units rented at the current and estimated rates, the property offers potential gross rental income of $4,435 per month, or $53,220 annually. For buyers considering the investment potential, the property has an established rental history. Total utility costs for 2025, when both units were occupied, were $7,967, including hydro ($3,327), gas ($1,126), water and sewer ($1,468), and hot water heater, (approx $400. 00). Whether you're an investor looking to expand your portfolio or a homeowner seeking the financial benefits of a second rental unit, this legal duplex offers versatility, established income and the opportunity to generate additional revenue from day one.
    Listing IDS14105432
    Address326 Christine Drive
    CityMidland, Ontario
    Price$520,000
    Bed / Bath7 / 2 Full
    StyleBungalow-Raised, Duplex
    ConstructionBrick Front, Vinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features In-Law SuiteOwnership FreeholdBasement Finished, FullFoundation BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Brokerage: RE/MAX By The Bay Brokerage

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    326 Christine Drive
    Midland , Ontario
    7 2 $520,000
    Get more info